IT Services

IBM's Software business slowed in the second quarter of 2026, with revenues up 5% year over year to $7.8 billion but organic revenue growth flat, as weakness in the Transaction Processing business drove an 8% revenue decline there. The company attributed the shortfall to customers shifting capital spending toward servers, storage and memory to secure supply-constrained infrastructure ahead of anticipated price increases, which left several large software deals unclosed within the expected timeframe. Still, roughly 80% of annual Software revenues is recurring, and Red Hat remained a key growth engine, with Hybrid Cloud revenues up 11% and OpenShift ARR reaching $2.2 billion, while the Data business grew 19% year over year. The acquisitions of HashiCorp and Confluent strengthened IBM's automation, data and hybrid-cloud capabilities, and Software segment profit rose 9% to $2.5 billion with segment margin up 110 basis points to 32.2%. IBM faces competition from Microsoft, whose Productivity & Business Processes segment generated $37.8 billion in June-quarter revenues, up 14% year over year, and from Oracle, whose cloud revenues surged 47% in USD and 46% in cc to $9.9 billion even as its Software revenues fell 2% to $6.8 billion.

Snowflake raised its fiscal 2027 product revenue guidance to $6.07 billion, implying 36% year-over-year growth, up from its previous outlook of $5.84 billion and 31% growth. In the fiscal second quarter 2026, product revenues rose 37% to $1.49 billion and accounted for 96% of total revenues. Management said AI products contributed roughly half of the recent acceleration, with CoCo surpassing 9,100 accounts after adding more than 2,000 in the quarter and CoWork expanding to 5,800 accounts, up nearly 11% sequentially. The company ended the second quarter of fiscal 2027 with 14,554 total customers, up 32% year over year, including 828 customers generating more than $1 million in trailing 12-month product revenues, up 27%, and 65 customers above $10 million. Fiscal third-quarter product revenues are expected between $1.588 billion and $1.593 billion, indicating 37-38% growth, while the Zacks Consensus Estimate for fiscal 2027 earnings stands at $2.19 per share, up 11.16% over the past 30 days.

CoreWeave exited the second quarter of 2026 with $104.2 billion in revenue backlog, up 246% year over year, a figure that excludes more than $25 billion of net new customer commitments added in the early weeks of the third quarter. Management said more than half of the existing backlog was already tied to contracts where customer delivery had begun, and expects that proportion to exceed two-thirds of the second-quarter backlog by year-end. Quarterly revenues surged $2.6 billion, up 112% year over year, while adjusted operating income rose sequentially to $128 million, prompting the company to raise its 2026 revenue guidance to $12.4-$13.2 billion and adjusted operating income guidance to $960 million to $1.15 billion. CoreWeave also lifted its expected year-end annualized run-rate revenues to $18.5-$19.5 billion, citing the long-term nature and attractive margins of contracted backlog. Supporting that backlog is capital-intensive buildout: capex was $9.4 billion, construction in progress rose sequentially to $11.9 billion, operating expenses reached $2.6 billion including $165 million in stock-based compensation, and interest expense hit $640 million versus $267 million a year earlier, with interest expense expected to climb to $860-$940 million in the current quarter. At the end of the second quarter CoreWeave had 1.5 gigawatts of active power after adding nearly 500 megawatts during the quarter, plus 3.7 gigawatts of contracted power, which management said has since risen to 4.2 gigawatts toward a goal of at least 8 gigawatts by 2030, while competition intensifies from Nebius and Microsoft.

Snowflake Inc. is drawing heightened investor attention after Zacks Investment Research highlighted sharply rising earnings estimates for the data-warehousing company. For the current quarter, Snowflake is expected to post earnings of $0.60 per share, a change of +71.4% from the year-ago quarter, while the Zacks Consensus Estimate has moved +17.5% over the last 30 days. For the current fiscal year, the consensus earnings estimate of $2.19 points to a change of +75.2% from the prior year, and for the next fiscal year the consensus estimate of $2.84 indicates a change of +29.6%. On revenue, the consensus sales estimate for the current quarter of $1.64 billion indicates a year-over-year change of +35.5%, with current and next fiscal year estimates of $6.29 billion and $8 billion pointing to changes of +34.2% and +27.3%, respectively. In its last reported quarter, Snowflake posted revenues of $1.55 billion, a year-over-year change of +35.1%, and EPS of $0.62 versus $0.35 a year ago, beating the Zacks Consensus revenue estimate of $1.47 billion by +4.91% and the EPS estimate by +37.78%. Citing the size of the recent change in the consensus estimate along with three other earnings-related factors, Zacks rates Snowflake Zacks Rank #2 (Buy), though the stock carries a Zacks Value Style Score of F, indicating it trades at a premium to its peers.

International Business Machines said its subsidiary Anderon won a US$1b federal award to build a U.S. quantum chip foundry, alongside a further US$1b IBM commitment to the project. The planned facility is described as the first stand-alone quantum wafer foundry in the U.S., focused on quantum chip manufacturing under CHIPS Act funding. IBM also announced a partnership with regulatory intelligence provider CUBE to integrate real time global AI rule monitoring into watsonx.governance. The Anderon quantum foundry award and CUBE tie up together represent a US$2b quantum and governance push by the company.

Uber Technologies Inc. and WeRide, together with AVOMO, have secured Spain's first national permit covering level 4 autonomous passenger vehicles, making Madrid the fourth city in the Uber-WeRide partnership. The permit was issued by Spain's Directorate General of Traffic and allows WeRide to test its GXR vehicles and conduct roadmapping throughout Madrid ahead of a commercial launch planned for year-end, starting with 20 vehicles each supervised by an in-car specialist in high-demand areas of Greater Madrid. The Uber-WeRide partnership plans to reach 15 cities globally by 2030, part of an Uber asset-light AV strategy that spans more than 30 partnerships, with Uber expecting to commit over $10 billion across AV investments, infrastructure, and vehicle offtake over the coming years. That multi-partner bet is under strain: Uber and Waymo confirmed in late June that their Phoenix partnership had ended, Waymo is reportedly considering a broader exit, and the NHTSA is investigating Uber AV partner Avride after multiple crashes, while Tesla ramps up its own Cybercab fleet and Waymo has raised $16 billion to accelerate independent growth. Hedge fund ownership was broadly stable, with holders slipping from 153 at the end of Q1 2026 to 151 at the end of Q2 2026, and short interest stood at only 2.29% of float as of August 31, 2026.

Snowflake Inc. reported second-quarter fiscal 2027 results on September 2, 2026, for the period ended July 31, 2026, with revenue rising 35% to $1.55 billion against a $1.48 billion consensus and adjusted earnings of $0.62 per share versus the $0.45 analysts expected. Product revenue grew 37% to $1.49 billion, and management raised full-year product revenue guidance to $6.07 billion from $5.84 billion, sending shares up more than 20% in extended trading. Within 48 hours, eight firms raised their price targets, including Argus analyst Joseph Bonner to $450 from $300, Goldman Sachs to $436 from $300, JPMorgan to $426 from $285, Raymond James analyst Adam Tindle to $425 from $275, and RBC Capital to $440 from $372, with TD Cowen and Monness Crespi both moving to $450 and Truist to $425. Net revenue retention held at 126%, remaining performance obligations reached $9.00 billion on 30% growth, and the company added 692 net new customers, while CEO Sridhar Ramaswamy said AI products drove roughly half of the acceleration. The stock trades at 166.67 times forward earnings as of September 15, 2026, against Datadog at 76.92 and MongoDB at 62.89, after gaining more than 45% this year, even as the quarter produced a GAAP operating loss of $263.0 million, a negative 17.0% margin, and free cash flow of $83.8 million on a 5.4% margin.

IBM secured a finalized $1 billion award from the Commerce Department for its Anderon subsidiary, which is now operating a 300-millimeter quantum-wafer foundry in Albany, New York. IBM is committing another $1 billion of its own capital to the project, bringing newly disclosed commitments to $2 billion, with the federal government covering half of that total. Initial wafers have already entered production at the facility, which is designed to manufacture technology for superconducting qubits, input-output signaling and readout components, with additional quantum architectures expected to follow. The funding split reduces how much IBM must fund itself while potentially turning Anderon into manufacturing infrastructure for outside quantum-chip designers. IBM shares gained approximately 0.2% to $237.87 Thursday morning, about 2% below the $242.72 GF Value estimate, though IBM has not yet disclosed customers, purchase commitments, wafer volumes or expected Anderon revenue.

Rackspace Technology shares climbed more than 6% after the company announced it is joining Nvidia's Cloud Partner Program, extending its push into sovereign and regulated AI infrastructure. Alongside the partnership, Rackspace introduced its Institutional Sovereign Pod, an architecture combining Nvidia's Blackwell technology with Palantir's Foundry and AIP platforms, and CEO Gajen Kandiah framed the effort as a matter of control over data, models and intelligence for organizations where governance, sovereignty and uptime are non-negotiable. The rally echoes a familiar pattern: shares jumped in May after a non-binding MOU with AMD, then collapsed 33.6% in a single day in July following a guidance cut and an at-the-market program allowing the sale of up to $250 million of shares. The company has not disclosed a customer contract or revenue commitment tied to the Nvidia deal, and its balance sheet still carries roughly $2.8 billion of debt, negative equity and negative free cash flow. Hedge fund ownership rose to 22 funds at the end of Q2 2026 from 8 funds at the end of Q1 2026, while short interest remained extremely high at 22.19% of float as of August 31, 2026.

CoreWeave deployed multi-rack NVIDIA Vera Rubin NVL72 clusters on CoreWeave Cloud on Wednesday, moving the architecture from validation toward broader availability. CoreWeave had already become the first cloud provider to bring up and validate NVIDIA's Vera Rubin NVL72, and in August it won a multi-year agreement with Hudson River Trading to build its next-generation AI research and model-development platform using Vera Rubin NVL72 and Spectrum-X Ethernet. NVIDIA says Rubin is in full production and is designed for training and inference. CoreWeave said AI products and services beyond GPUs, including storage, CPU, networking and software, exceeded $400 million of annual recurring revenue in the second quarter, while booked annual recurring revenue for managed inference rose from $1 million to more than $100 million within months of launch. Active power exceeded 1.5 gigawatts in the second quarter and contracted power reached about 4.2 gigawatts by Aug. 11, with CoreWeave targeting more than 1.85 gigawatts of active power by year-end 2026 and at least 8 gigawatts by 2030, against expected 2026 capital expenditures of $35-$39 billion and second-quarter net interest expense of $640 million.

Fastly reported quarterly revenue of $183 million, up 23% year over year, with security revenue climbing 43% and delivery services revenue rising 17%, CFO Rich Wong said at a Piper Sandler conference. Remaining performance obligations increased 38% year over year, and the current portion of RPO rose 44%, which Wong attributed to stronger customer commitments amid component shortages. Wong credited the security growth to an expanded portfolio that now spans five security products, up from a single web application firewall, and to improved sales execution under Scott Lovett, who joined as head of sales in mid-2024. Bot management and DDoS protection each posted triple-digit year-over-year growth, and net retention reached a four-year high of 117%. Fastly also said it will hold an investor day at Nasdaq MarketSite in New York to discuss a longer-term operating model and its outlook over the next three years, though it does not plan to provide fiscal 2027 guidance at the event.

Nebius Group notified customers of higher on-demand rental rates for a range of AI GPU capacity effective October 1, a rare same-week read-through on pricing power in AI compute that split the neocloud trade three ways. Nebius stock climbed 10% to $229.67 as the party setting the new price card, while IREN Limited rose 6% to $45.20 on the read-through that scarce GPU capacity can be re-rented at higher hourly rates. CoreWeave slipped 2% to $82.10, with the divergence attributed to concerns over how much of its capacity is already committed at older rates, how much debt sits against that capacity, and how fast free cash flow will turn. The Invesco QQQ Trust was up 1.62% to $716.12, while the Global X Data Center & Digital Infrastructure ETF trailed at up 1% to $27.60, a lag suggesting the diversified digital infrastructure basket is not capturing the neocloud repricing on its own. JPMorgan double-upgraded IREN to Overweight from Underweight on September 14, a call that predates this move by three sessions and serves as context rather than catalyst.

Anderon, an IBM subsidiary, finalized a $1 billion research-and-development award from the U.S. Department of Commerce on Wednesday under the 2022 CHIPS and Science Act. The funding will support Anderon's efforts to advance quantum wafer manufacturing at its facility in Albany, New York, where a 300-millimeter quantum wafer foundry serves customers across the quantum industry. IBM has put up $1 billion of its own money alongside the federal award, and production is underway with quantum wafers already in process. The Anderon award is part of a broader $2 billion package distributed across nine quantum computing companies under the CHIPS and Science Act, with GlobalFoundries in line for $375 million and D-Wave Quantum, Rigetti Computing, and Infleqtion each expected to receive $100 million; each of the nine firms will give the federal government a minority ownership stake in exchange for the funding. The finalization follows a letter of intent between IBM and the Commerce Department announced in May, and last week Rigetti Computing, D-Wave Quantum, and Quantinuum each finalized $100 million deals with the department. IBM stock fell 3.3% on Wednesday and has declined nearly 19% this year.

IBM and IonQ shares rallied Thursday on separate quantum computing developments. IBM's Anderon subsidiary finalized a $1 billion award from the U.S. Department of Commerce under the CHIPS and Science Act, funding research and development at a 300-millimeter quantum wafer facility in Albany, New York, with IBM committing another $1 billion to the project. IonQ, working with NVIDIA, Oak Ridge National Laboratory and the University of Tennessee, developed a generative AI method for producing quantum optimization circuits that maintained a roughly 28-second generation time across tested problem sizes. The two developments mark separate areas of industry progress, with IBM expanding quantum manufacturing capacity while IonQ focuses on reducing computational demands in quantum optimization.

IBM has finalized a $1 billion award under the CHIPS and Science Act for its quantum foundry subsidiary Anderon, and is backing the unit with a further $1 billion of its own money. The agreement converts a letter of intent signed in May, and the award is structured as research and development funding. Anderon runs a 300-millimeter pure-play quantum wafer foundry in New York, serving customers beyond IBM, with D-Wave among those expressing interest, and first wafers are already running through the facility. Separately, Rigetti Computing, D-Wave Quantum and Quantinuum each signed $100 million deals with Commerce last week in exchange for equity stakes. Jay Gambetta, director of IBM Research, said IBM's quantum roadmap requires a manufacturing foundation that can scale at the pace its work demands.

CoreWeave is expanding its capabilities for next-generation AI workloads with the deployment of multi-rack NVIDIA Vera Rubin NVL72 clusters on CoreWeave Cloud, alongside two new capabilities for its AI Object Storage platform: cross-region write acceleration and a lower-cost Archive tier. The multi-rack Vera Rubin NVL72 deployment allows hundreds of NVIDIA Rubin GPUs to operate as a single scale-out cluster, with each NVL72 rack combining 72 Rubin GPUs with 36 Vera CPUs, NVIDIA NVLink 6, ConnectX-9 SuperNICs and BlueField-4 DPUs, connected across racks using NVIDIA Spectrum-X Ethernet networking and automated through CoreWeave's Mission Control platform. CoreWeave says its Local Object Transport Accelerator caches data locally and can reduce latency by up to 8x compared with traditional storage-cluster reads while delivering up to 7 GB/s of throughput per GPU, while the new cross-region write capability lets customers write data locally as CoreWeave replicates it to another region in the background. The company faces intensifying competition in the AI cloud market from Microsoft and Nebius Group N.V., which plans to invest £1.7 billion in U.K. AI infrastructure and expects connected power capacity to reach roughly 800 MW to 1 GW by 2026 end. CoreWeave shares have gained 24.4% year to date against the Internet Software industry's fall of 0.6%, and the Zacks Consensus Estimate for CRWV's earnings for the current year has been revised downward over the past 60 days.

MongoDB executives said the company's self-managed Enterprise Advanced business is reaccelerating, with double-digit growth over each of the past three quarters, and now view it and the Atlas cloud platform as complementary "two growth engines." Chief Financial Officer Mike Berry said during a fireside chat that demand for deployment flexibility has risen over the past 12 to 18 months, driven by regulated industries, government customers, data requirements, cloud capacity constraints and economics, and that growth among large customers using both self-managed MongoDB and Atlas has exceeded the companywide average. Chief Product Officer Ben Cefalo said customers value the ability to build an application once and move it among cloud and on-premise environments, and that MongoDB recently made Search and Vector generally available for self-managed customers after developing those capabilities first in Atlas. Berry said the self-managed licensing model generally offers higher upfront profitability and may deliver higher gross margins over time, and that shared underlying technology limits incremental research and development needs. On AI, Cefalo cited investments in MCP Server capabilities, Voyage AI integration, auto-embedding and a LangChain partnership, while noting enterprise adoption of custom AI applications remains early as security, governance, privacy and regulatory concerns slow production deployments. For the current fiscal-year guidance discussed at the event, Berry said research and development spending is projected to rise about 30%, sales and marketing spending is expected to increase in the mid-teens and general and administrative spending by lower single digits.

CUBE, the AI-native regulatory intelligence company, announced a collaboration with IBM to add a new Regulatory Horizon Scanning capability within IBM watsonx.governance. The integration embeds CUBE's global regulatory intelligence directly into watsonx.governance, giving enterprises continuous visibility into regulatory developments affecting their AI systems worldwide. The capability continuously monitors AI-related regulatory developments from authoritative sources, automatically capturing updates from regulators, legislative bodies, standards organisations and industry associations, and making them available within existing AI governance workflows. The collaboration follows partnerships CUBE announced earlier this year with Microsoft and ServiceNow, and comes as requirements emerge across jurisdictions ranging from the EU's AI Act to the NIST AI Risk Management Framework. Ben Richmond, Founder and CEO of CUBE, said regulatory intelligence is becoming a foundational layer of how AI itself is governed, while Maryam Ashoori, VP of watsonx.governance Product and Engineering at IBM, said CUBE brings a depth of regulatory expertise and global reach few providers can match.

Ridge-i and Nippon Seiki announced share buybacks after the close of trading on the 17th. Ridge-i will repurchase up to 160,000 shares, equivalent to 3.6% of its outstanding shares excluding treasury stock, for a maximum of 450 million yen, with the buyback period running from September 24 to November 30. Nippon Seiki will repurchase up to 3.61 million shares, equivalent to 6.27% of its outstanding shares excluding treasury stock, for a maximum of 9.979 billion yen, through the Tokyo Stock Exchange's off-auction own share repurchase trading system ToSTNeT-3 on the morning of September 18.

Figure Technology Solutions announced a partnership with Sierra on September 10 to deploy an AI agent aimed at recovering home equity loan applications that stall before closing. The Mortgage Bankers Association found that only 49% of home equity applications closed in 2024, even as HELOC volume hit $271 billion in 2025, leaving a gap Figure wants its new agent to close in a $2 trillion industry. The Figure Agent, built on Sierra's newly launched Horizon platform, marks the first U.S. use of a system designed to let AI work for days on complex, revenue-generating tasks rather than simple customer support, following up by voice and text on credit checks, identity verification, and bank account linking before handing borrowers to a human loan officer. Figure and Sierra reported that stalled applicants who engaged with the agent moved through those friction points at a 30% to 52% higher rate than those who did not and funded 67% more loan volume overall, while pairing the agent with a loan officer produced a 143% lift in funded loan conversion compared with loan officers working alone. The AI push arrives on top of a business already growing fast: on August 13, 2026, Figure reported second-quarter Consumer Loan Marketplace volume of $4.3 billion, up 132% year over year, net revenue up 113% to $226 million, and net income more than doubled to $87 million, with 102 origination partners added in the quarter for a total of 489 and third-quarter guidance of $4.8 billion to $5.2 billion. Even so, Figure's net take rate slipped to 3.6% in the second quarter from 4.0% a year earlier, hedge fund ownership fell to 32 funds from 51 the quarter before, and short interest sits at 6.53% of the float, leaving the market to weigh whether the AI-driven conversion gains will last beyond a single pilot.

Cognizant and Axis Bank announced the successful implementation and go-live of Cognizant's Application Management Services under Axis Bank's AMS 2.0 initiative. AMS 2.0 is a structured, jointly driven program designed to strengthen delivery governance, improve operational consistency and accelerate the adoption of automation across application support services, with an emphasis on governance, compliance and operational discipline. The initiative, spearheaded by Axis Bank, forms a key pillar of the Bank's broader technology transformation journey toward a scalable, resilient and future-ready IT operating model. Under a five-year agreement, Cognizant is working closely with Axis Bank to support systems across key business verticals including Branch and Operations, Cards, Corporate Banking and Treasury, Core Platforms and Payments, Finance and Accounting, Retail and Wholesale Banking, and Data Platforms and Integration. Avinash Raghavendra, Group Head of Information Technology and Retail Operations at Axis Bank, said the implementation is part of the Bank's efforts to build a more resilient, scalable and automation-enabled operations model, while Ganesh Ayyar, President for Asia Pacific and Japan at Cognizant, said the teams are focused on disciplined service delivery, governance-led operations and the responsible use of automation to improve run stability and efficiency.

I2 Enterprise Public Company Limited, or I2, has won a battery energy storage system (BESS) project along with an eight-year service contract worth 210 million baht from PEA ENCOM, opening the door for the company to play a role in clean energy infrastructure and to gradually recognise revenue on a quarterly basis through 2034. The deal is part of I2's strategy to increase its weighting in the clean energy business from a base centred on information technology, in order to ride the Energy Transition wave. The company is not stopping at BESS but is building an energy business portfolio covering Smart Grid, Solar PPA, ESCO and EV Charging. I2 currently has a total backlog of 713 million baht and in the second half of 2026 will continue to bid for government and state enterprise work in Infrastructure, Data Center, AI and Smart Grid & BESS to support its target of 20% growth in operating results for 2026.

IBM's Anderon unit has finalized a $1 billion CHIPS Act award with the U.S. Department of Commerce to fund research and development aimed at expanding domestic quantum wafer manufacturing. The award follows a letter of intent announced in May between IBM and the Commerce Department. Anderon, based in Albany, New York, operates a 300-millimeter pure-play quantum wafer foundry serving customers across the quantum technology industry. IBM is also committing an additional $1 billion of its own capital to Anderon, effectively doubling the scale of investment tied to the project. The funding targets U.S. capabilities in quantum wafer manufacturing, a highly specialized and capital-intensive area, and fits Washington's broader effort to strengthen domestic semiconductor production through the CHIPS Act.

CoreWeave shares rose about 3% Wednesday after the AI cloud provider brought Nvidia's multi-rack Vera Rubin NVL72 system online, connecting hundreds of next-generation Rubin GPUs into a single scale-out cluster. The milestone strengthens CoreWeave's pitch as one of the earliest cloud platforms able to commercialize Nvidia's newest AI hardware, an important differentiator as competition intensifies across AI infrastructure. The announcement builds on CoreWeave's June disclosure that it was the first AI cloud provider to bring a Vera Rubin NVL72 system online. A single NVL72 rack combines 72 Rubin GPUs with 36 Vera CPUs, and CoreWeave's multi-rack configuration links hundreds of accelerators using Nvidia's Spectrum-X Ethernet networking, allowing customers to treat a much larger pool of compute as one cluster. CoreWeave also introduced upgrades to its AI Object Storage platform, including cross-region write acceleration and a new Archive tier, with its Local Object Transport Accelerator able to reduce latency by as much as eight times through managed caching.

Jacobs Solutions reported Q2 revenues of $2.42 billion, up 8.3% year on year, the fastest growth among the seven government and technical consulting stocks tracked, though full-year EPS guidance came in merely in line with analysts' estimates. SAIC posted the group's biggest estimate beat, with revenues of $1.88 billion up 6.3% year on year and 7.1% above consensus, alongside beats on EPS and full-year EPS guidance. Amentum was the weakest performer, reporting revenues of $3.49 billion, down 2% year on year and 2.2% short of expectations, with a significant EPS miss. Booz Allen Hamilton recorded revenues of $2.8 billion, down 4.2% year on year and 0.5% below expectations, but still beat on EPS, while UL Solutions reported revenues of $816 million, up 5.2% and in line with expectations, also beating on EPS. As a group, the seven stocks' revenues matched consensus and share prices have fallen 3% on average since the latest results.

CoreWeave shares climbed about 3% on Wednesday trading after the AI cloud company said it had brought Nvidia's multi-rack Vera Rubin NVL72 platform online. The new deployment connects hundreds of Rubin GPUs into a unified computing cluster designed to support large-scale artificial intelligence workloads, building on CoreWeave's June launch of a single Vera Rubin NVL72 rack. CoreWeave said the expanded system combines multiple Vera Rubin racks into one scalable environment using Nvidia's Spectrum-X networking technology. A single Vera Rubin NVL72 rack includes 72 Rubin GPUs and 36 Vera CPUs, along with networking and data-processing hardware intended for AI applications. The company also introduced new capabilities for its AI Object Storage platform, including cross-region write acceleration and an archive storage tier, which CoreWeave said are designed to keep data closer to AI workloads and may reduce latency through managed caching across its Kubernetes-based infrastructure.

Twilio Inc. is expanding its AI customer wins, with Car Finance 247 signing a seven-figure deal to use its new conversation layer. The customer's AI assistant, Carla, has handled about 288,000 customer conversations, and customers who interacted with Carla moved to approved leads at roughly 1.6 times the rate of those who did not, contributing to a multi-million-pound annual revenue uplift for the customer. Twilio is also winning deals with companies such as Vozzi, Olo and Atlassian, showing demand beyond traditional messaging and voice. Twilio's second-quarter 2026 revenues rose 22% year over year to $1.50 billion, with organic growth of 17%, while non-GAAP operating income increased 29% to $284.6 million and free cash flow grew 34% to $352.6 million. Management raised its 2026 organic revenue growth forecast to 13%-13.5%, and the Zacks Consensus Estimate for 2026 revenues is currently pegged at $5.96 billion, indicating a 17.7% year-over-year increase.

CoreWeave announced the bring up of multi-rack NVIDIA Vera Rubin NVL72 on CoreWeave Cloud, putting hundreds of NVIDIA Rubin GPUs into a single scale-out cluster for agentic AI. A single NVIDIA Vera Rubin NVL72 rack pairs 72 Rubin GPUs with 36 Vera CPUs, NVIDIA NVLink 6, NVIDIA ConnectX-9 SuperNICs, and NVIDIA BlueField-4 DPUs, and CoreWeave unifies multiple such racks into one scale-out cluster using NVIDIA Spectrum-X Ethernet networking. Each Rubin GPU carries two NVIDIA ConnectX-9 SuperNICs providing 1.6 Tb/s of scale-out connectivity per GPU across multiplane, multirail paths, supporting roughly 128,000 GPUs per rail in a non-blocking fabric. The company also announced two new capabilities in CoreWeave AI Object Storage, cross-region write acceleration and a new Archive tier, with the cross-region feature letting jobs write locally while CoreWeave replicates data to another region in the background. CoreWeave said its AI Object Storage LOTA delivers reads at local NVMe speeds, reducing latency by 8x versus a traditional storage cluster and providing up to 7 GB/s of throughput per GPU. Chen Goldberg, executive vice president of product and engineering at CoreWeave, said the company was the first AI cloud provider to validate and bring up a Vera Rubin NVL72, and that multi-rack Vera Rubin connects hundreds of Rubin GPUs as a single scale-out cluster.

Anderon, an IBM company, has finalized a $1B award under the CHIPS Act from the US Department of Commerce, funding research and development aimed at expanding US quantum wafer manufacturing capabilities. The award follows a letter of intent announced in May between the Commerce Department and IBM. Anderon is also backed by an additional $1B investment from IBM. Based in Albany, New York, Anderon operates a 300-millimeter pure-play quantum wafer foundry designed to serve customers across the broader quantum technology industry.

Anderon LLC, an IBM company, has finalized a $1 billion award under the CHIPS and Science Act with the U.S. Department of Commerce to accelerate its research and development of U.S.-based quantum wafer manufacturing. The award, first announced in May under a letter of intent between the Department and IBM, supports Anderon's state-of-the-art 300-millimeter pure-play quantum wafer foundry, which is backed by an additional $1 billion investment from IBM. Headquartered in Albany, New York, the venture serves the quantum industry as a pure-play foundry offering quantum wafer manufacturing to customers across the ecosystem. Anderon CEO Mukesh Khare said the agreement strengthens the company's ability to deliver the manufacturing scale the quantum industry needs, while Jay Gambetta, Director of IBM Research and an IBM Fellow, said Anderon's wafer fabrication focus gives IBM the foundation to execute its quantum roadmap. The company said its first quantum wafers are now running through its manufacturing facility, an early production milestone demonstrating its ability to translate advanced pre-production research into commercial-grade quantum wafer technologies.

MARA Holdings, the largest publicly traded Bitcoin miner, has returned to its cryptocurrency accumulation strategy with the sudden purchase of 1,292 BTC worth about $100 million, according to on-chain data from Arkham Intelligence. The buy marks a resumption of the company's Bitcoin treasury buildout, which it had paused while pursuing an artificial intelligence expansion. The former Marathon Digital did not disclose the purchase in a separate filing, with the transaction identified through blockchain tracking by Arkham Intelligence. The acquisition adds roughly $100 million in Bitcoin to MARA's holdings.

Atos has received the SAP Sovereign Cloud Partner designation, reinforcing its Digital Sovereignty strategy. The recognition, announced September 16, 2026, applies currently to Germany, France, the Netherlands and the United Kingdom, with validation for additional locations underway. Atos said the designation strengthens its position to support regulated organizations in adopting cloud and AI solutions from SAP with full control over data, operations and compliance. Florin Rotar, Chief Technology Officer of Atos Group, said the recognition reinforces Atos' strategy to deliver sovereign digital transformation at scale, while Martin Merz, President Sovereign Cloud at SAP, said working with Atos as a validated partner expands the reach of SAP Sovereign Cloud. Atos, a longstanding SAP platinum partner, was recently awarded the golden certificate from SAP, celebrating 20 consecutive years with SAP Certification for Operations Partners as a certified SAP Global Operations Partner, making it only the second SAP partner with global operations certification to receive the golden certificate.

MARA Holdings spent about US$100 million acquiring 1,292 Bitcoin through FalconX, deepening its balance sheet exposure to digital assets. The purchase comes as the stock has returned 22.17% over the past month but remains down 19.25% over 90 days, with a 1-year total shareholder return of negative 35.88% and a year-to-date gain of 13.42%. The most followed narrative on MARA Holdings pegs fair value at $18.13, well above the last close at $11.24, implying 38% undervaluation, a view tied to the company's expansion into AI infrastructure and power. A second valuation lens notes a price-to-sales ratio of 5.4x, rich against the US Software average of 3.9x and a fair ratio estimate of 1.5x. The story could break if Bitcoin mining economics weaken sharply or if high capital spending at new sites fails to generate timely cash returns.

Jingwei Shares announced on the evening of September 16 that Chinasoft International Xi'an Intelligent Technology Co., Ltd. plans to acquire 17.8062 million shares at 53 yuan per share, representing 29.68% of total share capital and 29.99% of total share capital excluding shares in the listed company's repurchase account. The total transfer price is 944 million yuan. The company's controlling shareholder will change from having no controlling shareholder to Chinasoft Xi'an, and trading will resume on September 17. As of the close on September 9, Jingwei Shares' stock price was 37.50 yuan per share, implying a transfer price premium of about 41.3% over the market price. The transferee, Chinasoft Xi'an, is a newly established entity set up in September 2026 with registered capital of 600 million yuan and has not yet commenced actual business operations. Its indirect controlling shareholder is the Hong Kong-listed company Chinasoft International. Since its listing in 2023, Jingwei Shares' net profit attributable to the parent company has continued to decline. In the first half of 2026, revenue was 135 million yuan, down 37.30% year on year, and net profit attributable to the parent company was a loss of 23.1229 million yuan, swinging from profit to loss year on year. After the share transfer is completed, Jingwei Shares will initiate a board restructuring. The new board will consist of seven directors, with Chinasoft Xi'an entitled to nominate three non-independent directors and three independent director candidates. The chairman will be a director nominated by Chinasoft Xi'an.

Aofei Data announced on September 16 that its controlling subsidiary Guangdong Aofei New Energy Co., Ltd. will be moved into the innovation layer starting September 17, 2026. The announcement said Aofei New Energy meets the conditions for entering the innovation layer, including net profit of no less than 10 million yuan in the last two years, a weighted average return on equity of no less than 6% on average over the last two years, and average operating revenue of no less than 80 million yuan over the last two years with sustained growth and an average annual compound growth rate of no less than 30%. In the first half of 2026, Aofei Data achieved revenue of 1.469 billion yuan and net profit attributable to the parent company of 197 million yuan.